The Complete Retirement Planner Blog

The 2025 version of The Complete Retirement Planner (TCRP 2025) has just been released!As always, this update includes the most recent tax code changes, 401k/IRA and HSA contribution limits, and Medicare premiums. Several new features have also been added that will further solidify TCRP's reputation as being one of the most comprehensive retirement planning tools available (and still at an unbeatable price!). But don't let the low price fool you - it is not because TCRP is lacking in any way, we do it because we CAN, and because it makes a significant difference for households across the country. Our...

As we approach the end of another year, and another election cycle, it is a good time to separate out all of the information swirling around us (good and bad), and strive to see the forest for the trees. How can we be sure to have only the most accurate information, disregard all of the other the "noise", and use that information to its best advantage to help us to learn, grow, and ensure that we are aware of all of our options for reaching our goals?In terms of financial planning (what did you think I was writing about? ☺)...

When using any financial planning tool, it is important to make sure that it is capable of considering as many variables as possible (or at least those that apply to your specific situation) so that it can generate the most thorough and accurate results. For the purposes of this post, we will discuss what happens if annual income exceeds what is needed to pay expenses (including taxes). Some planning tools, believe it or not, do not account for any excess income. The Fidelity planning tool (nothing against Fidelity, but their planning tool is a good example in this case) states...

We all know that life is full of risks and we typically do our best to mitigate those risks - we wear seat belts when driving, we have insurance for our homes, and we try to eat healthy food and exercise regularly to protect our health. But what are you doing to actively mitigate your financial risk as you age and prepare for retirement? The following are ten of the biggest risks to account for when planning for retirement:1. Longevity It's impossible to know how long you, or your spouse, may live. This makes it even more important to plan...

The advantages of having a Roth IRA are clear:• Since contributions to a Roth IRA come from after-tax dollars, those savings grow tax free.• Contributions and earnings can be withdrawn tax free after age 59 1/2 (if the account is at least 5 years old). • Contributions can be withdrawn tax free at any age.   Earnings withdrawn before age 59 1/2 (and before the 5 year holding period) will incur taxes and a 10% penalty.• A first-time home purchase ($10,000 lifetime maximum), qualified education expenses, birth or adoption expenses,   and certain emergency expenses qualify as exceptions to the...